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SUMMARY:Seminar MTEI by Prof. Dirk Martignoni & Prof. Hart Posen
DTSTART:20121015T120000
DTEND:20121015T133000
DTSTAMP:20260916T062818Z
UID:298b11bec3c650662f54233524addd617b21734310a9cc30f98be625
CATEGORIES:Conferences - Seminars
DESCRIPTION:Prof. Dirk Martignoni (University of Zurich) and  Prof. Hart 
 Posen (University of Michigan)\n"Rubik's Dilemma: Partial Knowledge and th
 e Efficacy of Learning"\n\n\nAbstract:\nA core assumption in the strategy 
 literature is the positive cross-sectional correlation between a firm's kn
 owledge and its performance. Does this also imply that superior knowledge 
 today will engender enhanced learning and superior performance in the futu
 re?\nConsider a firm endowed with partial knowledge — the ‘correct’ 
 answer to a subset of problems within a larger multi-dimensional problem. 
 Endowed with partial knowledge\, the firm naturally focuses its search on 
 the dimensions of the problem for which it does not have correct solutions
 . Moreover\, naive wisdom suggests that firms endowed with more complete i
 nitial knowledge should generate superior long-run performance. Using an N
 K model\, we demonstrate that this wisdom is sometimes incorrect — there
  are conditions\nunder which the extent of initial knowledge is negatively
  correlated with future performance.
LOCATION:ODY 4.03\, VIP room http://plan.epfl.ch/?zoom=20&recenter_y=58638
 00.12869&recenter_x=731560.22521&layerNodes=fonds\,batiments\,labels\,even
 ts_surface\,events_line\,events_label\,information\,parkings_publics\,arre
 ts_metro\,evenem
STATUS:CONFIRMED
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